Grupo Televisa, S.A.B. (NYSE:TV) Short Interest Update

Grupo Televisa, S.A.B. (NYSE:TV) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 9,260,000 shares, an increase of 57.2% from the November 15th total of 5,890,000 shares. Based on an average daily volume of 2,170,000 shares, the days-to-cover ratio is currently 4.3 days.

Grupo Televisa, S.A.B. Price Performance

TV remained flat at $1.97 during trading on Friday. The company’s stock had a trading volume of 1,951,358 shares, compared to its average volume of 1,604,609. Grupo Televisa, S.A.B. has a 12-month low of $1.69 and a 12-month high of $3.65. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of -2.77, a price-to-earnings-growth ratio of 0.55 and a beta of 1.81. The stock has a fifty day simple moving average of $2.21 and a 200 day simple moving average of $2.33. The company has a quick ratio of 2.41, a current ratio of 2.43 and a debt-to-equity ratio of 0.03.

Grupo Televisa, S.A.B. (NYSE:TV) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The company had revenue of $812.55 million during the quarter, compared to the consensus estimate of $828.35 million. Grupo Televisa, S.A.B. had a negative net margin of 10.88% and a negative return on equity of 5.68%. On average, research analysts forecast that Grupo Televisa, S.A.B. will post 0.11 EPS for the current fiscal year.

Institutional Trading of Grupo Televisa, S.A.B.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new stake in shares of Grupo Televisa, S.A.B. in the second quarter valued at $29,000. Central Pacific Bank Trust Division grew its stake in Grupo Televisa, S.A.B. by 50.0% during the 3rd quarter. Central Pacific Bank Trust Division now owns 15,000 shares of the company’s stock valued at $38,000 after acquiring an additional 5,000 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Grupo Televisa, S.A.B. by 35.7% in the 2nd quarter. SG Americas Securities LLC now owns 28,154 shares of the company’s stock valued at $78,000 after purchasing an additional 7,406 shares during the period. Ballentine Partners LLC lifted its position in shares of Grupo Televisa, S.A.B. by 23.3% in the second quarter. Ballentine Partners LLC now owns 31,381 shares of the company’s stock worth $87,000 after purchasing an additional 5,939 shares in the last quarter. Finally, Oppenheimer & Co. Inc. acquired a new stake in shares of Grupo Televisa, S.A.B. during the third quarter worth approximately $90,000. Institutional investors and hedge funds own 55.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TV. The Goldman Sachs Group dropped their target price on Grupo Televisa, S.A.B. from $2.90 to $2.50 and set a “buy” rating on the stock in a research report on Friday, November 15th. StockNews.com cut Grupo Televisa, S.A.B. from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Benchmark dropped their price target on shares of Grupo Televisa, S.A.B. from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. downgraded shares of Grupo Televisa, S.A.B. from an “overweight” rating to a “neutral” rating in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.25.

About Grupo Televisa, S.A.B.

Grupo Televisa, SAB., together with its subsidiaries, owns and operates cable companies and provides direct-to-home satellite pay television system in Mexico and the United States. It operates through three segments: Cable, Sky, and Other Businesses. The Cable segment operates cable multiple system that provides basic and premium television subscription, pay-per-view, installation, Internet subscription, and telephone and mobile services subscription, as well as local and national advertising services; and telecommunication facilities, which offers data and long-distance services solutions to carriers and other telecommunications service providers through its fiber-optic network.